Assessing Asset Pricing Models Using Revealed Preference
收藏NBER2014-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w20435
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资源简介：
We propose a new method of testing asset pricing models that relies on using quantities rather than prices or returns. We use the capital flows into and out of mutual funds to infer which risk model investors use. We derive a simple test statistic that allows us to infer, from a set of candidate
提供机构：
美国国家经济研究局
创建时间：
2014-08-01
